Egypt: Sinai Cement reports FY16 EGP14.6m net profit
Sinai Cement reported a consolidated net profit of EGP14.6m (US$901,243) for FY16, a significant improvement when compared with the previous year when the company posted a net ...
Egypt
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Egypt: Premiere aims to attract new investment for cement sector
Ahmed Abdelmoghny, managing director of Premiere, said his company sought to raise EGP3.5bn (US$186.9m) for an Egyptian cement company to establish a 1.5Mta cement works on the...
Egypt: Arabian Cement to reduce US$ loans
The Arabian Cement Company plans to accelerate the repayment of US dollar loans owed to banks during the current year to decrease the total value of these debts to EGP40m (US2....
Egypt: Misr Beni Suef Cement postpones coal mill
Misr Beni Suef Cement Company has postponed the installation of a coal mill at its Beni Suef plant to the 3Q17. The coal mill is expected to cost EGP18m (US$0.96m). Managing...
Egypt: South Valley denounces new capacity project
Three private companies are reported to have gained licences for new plants in Egypt after the latest round of bidding, according to local newspapers in Egypt. The new c...
Egypt: floating pound sends cement prices skywards
Building materials prices have increased sharply in Egypt since the country floated the pound, according to industry sources. They said the price rise could threaten projects, ...
Egypt: Aumund to supply conveying equipment for six clinker lines
The Egyptian government has signed a contract with Chengdu Design & Research Institute of Building Materials Industry, part of Sinoma International Engineering, to build six cl...
Egypt: IDA to allow cement producers to pay licenses in installments
The Industrial Development Authority (IDA) is allowing the three winners of last week's cement production license auction to pay license fees in annual instalments, Al Mal repo...
Egypt: South Valley Cement discusses new Beni Suef line
Ahmed El-Mekati, board member of South Valley Cement Company (SVCC), has said the company is looking into the investment cost of a new 1.5Mta production line, as the cost of im...
Egyptian government announces award of three new plant licences
The Egyptian Industrial Development Authority has today announced that three firms have been successful in their bids to build new cement plants, local media reports. The li...